Petel, Inc. (PTEI.PK) to Launch Cannonball 8000 Channel
Petel Inc. (Pink Sheets: PTEI) and 8000, Inc. (Pink Sheets: EIGH) have come to an agreement with a signed letter of intent as of January 10, 2008. Petel’s interactive broadband TV platform will launch the Cannonball 8000 Broadband TV channel. Petel Inc.COO, Phil Evans, said, "This is a growth lifestyle brand, an exciting project to be involved with and will be a highly valuable addition to our network of broadband TV channels; this partnership also offers great cross-promotional opportunities for all concerned. The next stage is to identify proprietary and third party content for scheduling; billing models, advertising sales and…